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Europe Non alcoholic market

Europe Non-Alcoholic Beverage Market is worth USD 462 billion in 2016 and estimated to grow at a CAGR of 4.7%, to reach USD 581 billion by 2021.
Europe Non-Alcoholic Beverage Market is Expected to Register a 4.7% CAGR
Over the Forecast Period
Europe Non-Alcoholic Beverage Market is worth USD 462 billion in 2016 and estimated to
grow at a CAGR of 4.7%, to reach USD 581 billion by 2021. The Europe Non-Alcoholic
Beverage market is developing at an exceptionally quick pace.
Non-alcoholic beverages are the ones which do not contain alcohol.These beverages
hydrate, some provide important nutrients and vitamins the body needs. Others energize,
provide required sugar and calories. Other uses of Non-alcoholic beverage in hotels are for
the use of making cocktails and mocktails, As they stimulate the plate & act as an aperitif.
They are found in different forms like in packet, bottle, canned, pressured container etc. some
example of beverages are e.g. aerated waters, mineral water, juices, squashes, syrups, tonic,
soda, pepsi, coke, root beer etc.
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The significant driver is change in consumer shifts in the food and beverages segment and
the rising spending of populations in non-alcoholic drinks attributed to increasing per-capita
incomes. Also surge in the health concerns has led a large chunk of population in developed
and developing regions to prefer non-alcoholic over alcoholic drinks in developed and
developing nations is boosting the industry. Also growing food and beverage industries are
further expected to boost this industry.
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The Europe Non-Alcoholic Beverage market is segmented on the basis of product type,
distribution channel and region. Based on product type, the market is segmented into soft
drinks, dairy drinks, tea & coffee, bottled water, juice, and others. Soft drinks segment has
nearly covered 30% of the market share. Tea & coffee segment is expected to grow with
highest rate and is identified as one of the profitable targets for investment. Based on
distribution channel, the market is segmented into Specialty Stores, Online Store, Super
Markets/ Hyper Markets, Convenience Stores, Departmental Stores and Others.
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The Europe market has been geographically segmented into Germany, U.K, France, Spain,
and Italy. The Europe had high CAGR during the forecast period. The reasons for the same
might be the government policies.
A.G. Barr, Dr. Pepper Snapple Group, Dydo Drinco, Attitude Drinks, Co., Livewire Energy;
Calcol, Inc., Danone, Nestle S.A., PepsiCo, Inc., and the Coca-Cola Company are the leaders
in the Europe Non-Alcoholic Beverage market.
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Non-Alcoholic Beverage, market, Non-Alcoholic Beverage Market
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